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Exercise 10-05 In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales 1. Sheridan Company esters sales and sales
Exercise 10-05 In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales 1. Sheridan Company esters sales and sales taxes separately on its cash register. On April 10, the register tatals are sales $23.500 and sales tes $1.275 2. Blossom Company does not segregate sales and sales taxes. Its register total for April 15 8 517,400, which includes a 5% sales tax. Prepare the entry to record the sales transactions and related taxes for Sheridan Company. (Credit account files are cutomatically indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit Apr 10 Date SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Prepare the entry to record the sales transactions and related taxes for Blossom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Apr 15 Prepare the entry to record the sales transactions and related taxes for Blossom Company. (Credit account titles are automatically indonted when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Apr. 15 Show Work is REQUIRED for this questions en Son Work
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